Community Betterment Corporation
EIN: 640681461 · Verona, MS · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $93K |
| Net Assets | $-47,586 |
Is Community Betterment Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Community Betterment Corporation
Community Betterment Corporation (EIN: 640681461) is a nonprofit organization based in Verona, MS, classified under NTEE code L22Z. The organization reported total revenue of $108K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Betterment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Betterment Corporation is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $93K |
| Surplus / Deficit | +$20K |
| Total Assets | $96K |
| Total Liabilities | $144K |
| Net Assets | $-47,586 |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 149.4% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Community Betterment Corporation reported a surplus of $20K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 149.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Betterment Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +4.2% | +2.5% |
| 2022 | +21.2% | -5.3% | -4.4% |
| 2021 | -26.6% | -2.0% | -18.4% |
| 2020 | +6.5% | -4.7% | +0.3% |
| 2019 | +27.2% | +31.8% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Community Betterment Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Betterment Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 149.4%.
Frequently Asked Questions about Community Betterment Corporation
Is Community Betterment Corporation a legitimate charity?
Community Betterment Corporation (EIN: 640681461) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $108K. No red flags identified. Financial health grade: A.
How does Community Betterment Corporation spend its money?
Community Betterment Corporation reported $108K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Community Betterment Corporation tax-deductible?
Community Betterment Corporation is registered as a tax-exempt nonprofit (EIN: 640681461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Community Betterment Corporation located?
Community Betterment Corporation is headquartered in Verona, Mississippi and files with the IRS under EIN 640681461. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Community Betterment Corporation have?
Community Betterment Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $108K in total revenue.
Filing History
IRS 990 filing history for Community Betterment Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Betterment Corporation's revenue has grown by 35.9%, moving from $83K to $113K. Total assets decreased by 48.8% over the same period, from $188K to $96K. Total functional expenses rose by 28.8%, from $72K to $93K. In its most recent filing year (2023), Community Betterment Corporation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $144K in liabilities against $96K in assets (debt-to-asset ratio: 149.4%), resulting in net assets of $-47,586.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $93K | $96K | $144K | — | View 990 |
| 2022 | $104K | $90K | $94K | $161K | — | — |
| 2021 | $86K | $94K | $98K | $180K | — | View 990 |
| 2020 | $117K | $96K | $120K | $193K | — | — |
| 2019 | $109K | $101K | $120K | $213K | — | View 990 |
| 2018 | $86K | $77K | $123K | $225K | — | View 990 |
| 2017 | $80K | $89K | $127K | $237K | — | View 990 |
| 2016 | $104K | $104K | $142K | $243K | — | View 990 |
| 2015 | $103K | $99K | $148K | $252K | — | View 990 |
| 2014 | $92K | $98K | $154K | $263K | — | View 990 |
| 2013 | $96K | $92K | $167K | $270K | — | View 990 |
| 2012 | $94K | $99K | $176K | $282K | — | View 990 |
| 2011 | $83K | $72K | $188K | $289K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $93K, and assets of $96K (revenue +9.0% year-over-year).
- 2022: Revenue of $104K, expenses of $90K, and assets of $94K (revenue +21.2% year-over-year).
- 2021: Revenue of $86K, expenses of $94K, and assets of $98K (revenue -26.6% year-over-year).
- 2020: Revenue of $117K, expenses of $96K, and assets of $120K (revenue +6.5% year-over-year).
- 2019: Revenue of $109K, expenses of $101K, and assets of $120K (revenue +27.2% year-over-year).
- 2018: Revenue of $86K, expenses of $77K, and assets of $123K (revenue +7.6% year-over-year).
- 2017: Revenue of $80K, expenses of $89K, and assets of $127K (revenue -23.0% year-over-year).
- 2016: Revenue of $104K, expenses of $104K, and assets of $142K (revenue +1.1% year-over-year).
- 2015: Revenue of $103K, expenses of $99K, and assets of $148K (revenue +11.3% year-over-year).
- 2014: Revenue of $92K, expenses of $98K, and assets of $154K (revenue -3.3% year-over-year).
- 2013: Revenue of $96K, expenses of $92K, and assets of $167K (revenue +1.7% year-over-year).
- 2012: Revenue of $94K, expenses of $99K, and assets of $176K (revenue +12.8% year-over-year).
- 2011: Revenue of $83K, expenses of $72K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Betterment Corporation:
Data Sources and Methodology
This transparency report for Community Betterment Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.